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lotsofpulptoday at 4:03 PM1 replyview on HN

That is the non idiotic thing about gold, since it is not fiat, is not easy to produce, and it is easy to verify, it can be used as a currency in less stable times/places. It’s a redundancy. Perhaps bitcoin satisfies many of these properties without the high costs to secure and move gold, but it needs electricity and a network?

https://www.macrotrends.net/1335/dollar-vs-gold-comparison-l...


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megagpt2today at 4:49 PM

Gold is a fiat currency because it has no inherent value.

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